Senate Panel Backs Beefed-Up Iran Sanctions

Law360, Los Angeles (February 2, 2012, 4:17 PM EST) -- The U.S. Senate Committee on Banking, Housing and Urban Affairs approved legislation Thursday enacting stiff new measures attempting to disrupt Iran's nuclear ambitions by forcing publicly traded companies in the U.S. to disclose any business dealings with Iran to the U.S. Securities and Exchange Commission.

The Iran Sanctions Accountability and Human Rights Act, which received bipartisan support, would for the first time sanction companies pursuing energy-related joint ventures with Iran. Under the act, companies traded on U.S. stock exchanges will be required to disclose any activity...
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